Q1 2021 Fuchs Petrolub SE Earnings Call Transcript
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benefits from the aftermarket sector. We have positive currency effects in Australia, but they are offset by negative effects from Asia. Looking at the EBIT, the region Asia-Pacific doubled their EBIT. They report EUR 34 million for the first quarter '21.
Turning to the region Americas, Page #11. You can see the sales of our previous year's level. We have an organic growth of 6% in Americas. And the first quarter 2020 was, as well as the region EMEA, not affected by COVID-19. The external growth of EUR 8 million or 7% is due to the acquisitions in the previous year 2020. Due to the strong euro, we have negative currency effects, as already mentioned, and they amount to minus 12% in the first quarter '21. On the earnings side, EBIT is up 33% to EUR 16 million for the first quarter.
On the next chart, on Chart #12, we want to give you an overview about what happens on the raw material price hikes. We have seen significant price increases from the beginning of the year in January,
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